If you look at MACD on a daily chart for the last three years. During this month we made a very low reading -3. Sometimes this signals lower lows may come. But if we make a higher high it's null and void. When I look at seasonal s it leads me to believe we make a higher high. Im not a complete slobbering bull. But im bullish for now.
http://stockcharts.com/h-sc/ui
http://stockcharts.com/h-sc/ui